St Paul Apartments Inc

Analysis

St Paul Apartments Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in January 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Paul Apartments Inc reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.0m (+7.1%), an average of +1.7% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Paul Apartments Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Theatre in the Park Inc ($2.0m), Podiatry Institute Inc ($2.0m) and Tamassee Hope Village Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $501k. At year end it held assets of $3.2m against liabilities of $1.7m, net assets of $1.4m. It reported 18 employees.